An infrastructure equipment manufacturing park on 500 acres is to be developed by Attivo Economic Zones Pvt Ltd in the National Investment and Manufacturing Zone (NIMZ), near Zaheerabad.Attivo, which...

BS ReporterHyderabad, 13 December: Indian cab hailing company Ola has announced a strategic partnership with L&T(Hyderabad) Metro Rail Limited to provide its integrated service, including Ola Money, to the metro rail passengers.The partnership will also enable on-ground integration as commuters will be able to book a cab with the assistance of Ola representatives stationed at Ola Kiosks within the station premises."The Hyderabad Metro project will add muscle to the city's transportation infrastructure and we are proud to lend our support by integrating our various services on-line as well as on-ground. Over the last year, we have been integrating our smart mobility solutions with public utilities like railway stations, airports and metro stations,"Ola director(alliances) Saurabh Mishra said.Ola has recently partnered with Rapid Metro Gurgaon, Bangalore Metro Rail Corporation Limited to equip key metro stations with dedicated Ola Kiosks. Earlier this year, Ola announced a similar ..

Even as the Centre aspires to improve connectivity in the northeast under its Act East Policy, the two-laning of a crucial 43-km highway is hanging fire as Meghalaya's Khasi Autonomous District Council (KHADC) has delayed its nod for acquiring land for the project.

The Maharashtra State Power Generation Company Limited (MahaGenco) is planning to develop solar power projects on dams in its first such attempt in the state. These floating solar panels will do away with the need for the state-owned utility to acquire land to add capacity to its renewable energy portfolio and also reduce the evaporation of water from these reservoirs.
The MahaGenco plans to develop solar power worth 250 MW capacity through this route. "We are planning solar power projects on dams and have initiated pre-feasibility studies. In the initial phase, these panels will be set up on our own reservoirs, such as the Irai dam at Chandrapur which supplies water to the Chandrapur Super Thermal Power Station (CSTPS), after which we can take up work on the irrigation department's resources," a senior MahaGenco official told DNA.
The projects are likely to be set up in the public private partnership (PPP) route through tariff-based competitive bidding. The MahaGenco is also considering some dams owned ...

India expects investment of up to $13 billion in infrastructure through the National Investment and Infrastructure Fund (NIIF), even as the government seeks to monetise older assets built through public money for undertaking new projects, a senior official said on Tuesday.

Even as experts on solar power cheered the move by Western Railways of going for solar rooftops by setting up solar panels on top of the platform sheds, they also said that this move could also end up becoming the biggest promotion for solar rooftops in Mumbai.
"The solar rooftops at Lower Parel station are being viewed by lakhs of commuters daily and it will atleast provoke them to think or get more information about solar energy. Infact we would suggest that every station going for solar rooftop should display information on benefits of solar power," said a senior official working with Government of India to promote solar rooftops.
Infact officials as well as environmentalists who have been promoting solar energy said that despite so much awareness and having the facility of Net-metering' ,which enables to send the unused or excess electricity generated by solar plant back into the grid of the energy supply and even earn credits still there was not much demand for solar rooftops and only very limited ...

Hyderabad, 11 December: State Bank of India(SBI) on Monday moved the National Company Law Tribunal(NCLT) against Hyderabad-based infrastructure company IVRCL as the deadline to resolve the large NPA accounts in the second list- outside the NCLT mechanism-was set to expire on December 13.The bank has filed a petition before the Hyderabad bench of NCLT under Section 7 of the Insolvency and Bankruptcy Code(IBC) seeking the initiation of insolvency process for IVRCL. Section 7 of the IBC, 2016 provides the procedure for initiation of insolvency resolution process for the financial creditor.The move comes months after IVRCL management, which has been under the control of lenders following the implementation of strategic debt restructuring(SDR) in January, 2016, failed to get a new promoter on board within the prescribed 18 month time limit. A senior company official confirmed the development. "SBI has filed a petition for initiation of insolvency resolution, not necessarily for the ...

The outlook for the fastest growing Indian aviation market is "very good", but infrastructure and taxation issues could be detrimental for its growth, according to global airlines grouping IATA Director General and CEO Alexandre de Juniac.
Clocking high double-digit growth for more than two years, Indias domestic aviation market is one of the fastest growing in the world.
Even as he emphasised that the countrys aviation market is "promising", de Juniac said there are concerns with respect to certain aspects. "the Indian outlook is very good because it is the fastest growing market, but we have some concerns about the Indian market. Infrastructure, taxes which are too high, and not totally clear about the new GST," de Juniac said. According to him, there are a lot of taxation issues and they could be "detrimental to the development of aviation".
With respect to the GST, de Juniac said that it is a better system even though the devil is in the details.
Exclusion of airport fee and charges levied on ticket ...